Praxair (PX), Linde Said Close to Restarting Merger Talks

November 29, 2016 1:29 PM EST

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Praxair (NYSE: PX) was said to reignite talks with Linde AG over a possible combination of the two companies just months after previous discussions ended, according to the WSJ.

Sources said that Praxair approached Germany-based Linde last week and talks might resume soon.

The combination of Praxair and Linde would produce a $60 billion industrial-gas company.

Discussions last ended in September after Linde got cold feet about the plan to move the combined company's headquarters from Europe to the U.S.

Even if a deal is struck, it isn't guaranteed that it would past regulatory muster.

Amid the chatter, Praxair is up 1.7 percent, but off of earlier highs.

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